DIOD results were solid on the top line but greater than expected OPEX weighed on earnings and prompted an EPS miss, said analyst Vernon Essi, Jr.

“The revenue guidance range midpoint of 4% Q/Q growth was comfortably above its peers and only 3% below consensus. The OPEX guide is higher than expected which weighs on EPS near-term. Mgmt indicated share gains in its markets, particularly in mobile, and Q2 got a lift out of Computing and Industrial,” he said.

Analysts adjusted 2012 revenue/EPS estimates from $637M/$0.90 to $635M/$0.66 and 2013 from $691M/$1.45 to $700M/$1.40.

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